Turkey’s construction sector draws Iranian attention
by Anadolu Agency
May 12, 2014 - 12:00 am GMT+3
by Anadolu Agency
May 12, 2014 12:00 am
TEHRAN —Strides made in the Turkish construction sector have captured the attention of the Iranian media. "The Turkish construction sector sees enormous mobility," Iranian Press TV remarked while emphasizing the contribution the sector has made to the economy, which grew by "nearly four times."
Press TV stated that the private sector invests more than the public sector in the Turkish construction sector. "The global financial crisis in recent years and internal crises in the last year did not negatively affect Turkey's economic growth," Press TV commented.
"Under the governance of the AK Party since 2002, the construction sector helped Turkey grow its GDP by nearly four times. Economists and urban planners speculate whether this unprecedented economic growth is a balloon that will inevitably explode," Press TV continued.
The news highlighted that the construction sector greatly contributed to the Turkish economy becoming one of the most rapidly growing economies in the world during the governance of Recep Tayyip Erdoğan.
"The economy ranks 17th in the world and sixth in the OECD. Despite negative publicity that threatens to derail the strong economic growth, the outlook continues to be positive," Press TV concluded.
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